Articles by 'Find @ll News'
The rand strengthened following lower-than-expected US Retail Sales figures which came in at +0.1 percent compared to the +0.6 percent consensus forecast according to Paul Muller the Corporate Treasury Manager at Peregrine Treasury Solutions.Read More
Moody's Postponement Buys SA Some Time
The rand hit the ground running yesterday breaking below last week’s best levels with market analysts expecting more strength from the domestic currency as the week progresses. Dynamic Outcomes’ James Paynter said it was now wait-and-see time as Moody’s delayed their announcement until after the Medium-term Budget Policy Statement “… probably a good call”.Read More
South African forward markets cut projections of a rate hike on Wednesday, after inflation fell, as investors bet the central bank would hold rates unlike some emerging market countries that have tightened policy to support weakening currencies.Read More
The rand was somewhat surefooted yesterday after US President Donald Trump’s potshot at Federal Reserve chairperson Jerome Powell over interest rates weighed on the dollar allowing the domestic currency to trade in a range of between R14.26 and R14.46. Meanwhile the inflation figures had little impact on the rand with the consumer price index (CPI) 5.1 percent year on year in July 2018 from 4.6 percent in June, the 16th consecutive month below the SA Reserve Bank’s upper-target level of 6 percent but somewhat higher than market expectations of 5 percent.Read More